CWEB vs. ^HSI
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Hang Seng Index (^HSI).
CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEB or ^HSI.
Correlation
The correlation between CWEB and ^HSI is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CWEB vs. ^HSI - Performance Comparison
Key characteristics
CWEB:
0.17
^HSI:
1.13
CWEB:
0.88
^HSI:
1.53
CWEB:
1.11
^HSI:
1.23
CWEB:
0.15
^HSI:
0.63
CWEB:
0.46
^HSI:
3.13
CWEB:
31.44%
^HSI:
10.35%
CWEB:
84.39%
^HSI:
28.91%
CWEB:
-98.09%
^HSI:
-91.54%
CWEB:
-96.52%
^HSI:
-33.70%
Returns By Period
In the year-to-date period, CWEB achieves a 10.40% return, which is significantly higher than ^HSI's 9.58% return.
CWEB
10.40%
-24.23%
-6.24%
3.28%
-32.16%
N/A
^HSI
9.58%
-6.78%
6.75%
24.53%
-2.02%
-2.59%
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Risk-Adjusted Performance
CWEB vs. ^HSI — Risk-Adjusted Performance Rank
CWEB
^HSI
CWEB vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Hang Seng Index (^HSI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
CWEB vs. ^HSI - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than ^HSI's maximum drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for CWEB and ^HSI. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. ^HSI - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 32.57% compared to Hang Seng Index (^HSI) at 15.51%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.